Copper (HG1) Up $0 in Last 4 Hours, Moves Up For the 4th Straight Day; in an Uptrend Over Past 30 Days

Copper 4 Hour Price Update

Updated December 21, 2020 01:58 AM GMT (09:58 PM EST)

3.6285 was the closing price of the four-hour candle for Copper, resulting in the current 4 hour candle being one in which price moved up 0.11% ($0) from the previous 4 hours. Out of the 5 instruments in the metals asset class, Copper ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

Copper Daily Price Recap

Copper closed the previous day up 0.79% ($0.03); this denotes the 4th straight day it has gone up. Out of the 5 instruments in the metals asset class, Copper ended up ranking 2nd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Copper.

HG1

Copper Technical Analysis

Volatility for Copper has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.